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$659,000

For Sale - Active
1745 Belmonte Ave, Jacksonville, FL 32207
4 Beds
3 Baths
1,985 Square Feet
0.11 Acres Lot
Built in 1931
For Sale - Active
1 Units
Checked: 11 hours ago
Updated: Jun 23, 2025 at 03:11AM

Investment Summary


Monthly Cash Flow
-$1,931
Cap Rate
2.8%
Cash-on-Cash Return
-15.3%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-10.8%

Property Description


0.11 Acres Lot
Built in 1931
For Sale - Active
1 Units

A no stress purchase for the buyer that wants to live in one of Jacksonville's most sought-after historic neighborhoods, just steps from San Marco Square. Enjoy walkability to top dining, shopping, and entertainment. Updates include re-piped plumbing, including to the street, new electrical, encapsulated crawlspace with moisture barrier, and updated ductwork. New central Heat & AC, along with two new mini split systems ensure comfort. The original wood floors have been refinished and stained. This 4 bedroom, 2 ½ bath home has an owner suite on the first level with walk in closet, 3 bedrooms and one full bath on the second level. A brand new ½ bath off the kitchen. Kitchen features granite countertops, a walk-in pantry, gas stovetop and an island. Bonus flex space adds versatility, and the fenced yard features a tiled patio and shed. This home, built in 1931, is thoughtfully upgraded in all the right ways! Coming soon, all new roadways, curbs and sidewalks! Don't let the road improvement project prevent you from viewing this lovingly updated home.

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Location


Property Details


Parking

  • Details: Additional Parking, On Street
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0819960000
  • Lot Size: 4791 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1931

Tax Information

  • Annual Tax: $5,769

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Duval

Listing Details


Listed by:
KENDRA NIEMI ROBERTSON
KELLER WILLIAMS REALTY ATLANTIC PARTNERS
(904) 610-4878

Source:
realMLS (Northeast Florida Multiple Listing Service)
MLS#: 2089230
realMLS (Northeast Florida Multiple Listing Service)

Investment Summary


Monthly Cash Flow
-$1,931
Cap Rate
2.8%
Cash-on-Cash Return
-15.3%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-10.8%

Purchase Details

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Purchase price:
$659,000
Amount financed:
-$527,200
Down payment:
$131,800
Closing costs:
$19,770
Rehab costs:
$0
Initial cash invested:
$151,570
Square feet:
1,985
Cost per square foot:
$332
Monthly rent per square foot:
$1.46

Financing Details

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Loan amount:
$527,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$3,451
Property tax:
$481
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,135

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$481-$5,769
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (42%)
42%-$1,206-$14,469

Cash Flow


Monthly Yearly
Net operating income:
$1,520 $18,240
Mortgage payments:
-$3,451 -$41,412
Cash flow:
$1,931 $23,172